Banco de Sabadell, S.A. (OTCMKTS:BNDSF) Sees Large Decline in Short Interest

Banco de Sabadell, S.A. (OTCMKTS:BNDSF) was the recipient of a significant decline in short interest during the month of February. As of February 27th, there was short interest totaling 3,786,228 shares, a decline of 26.9% from the February 12th total of 5,182,407 shares. Based on an average daily volume of 551 shares, the days-to-cover ratio is presently 6,871.6 days. Based on an average daily volume of 551 shares, the days-to-cover ratio is presently 6,871.6 days.

Banco de Sabadell Stock Down 1.9%

Shares of BNDSF opened at $3.63 on Friday. Banco de Sabadell has a 52-week low of $2.28 and a 52-week high of $4.15. The stock has a 50 day moving average price of $3.72 and a 200 day moving average price of $3.75.

Banco de Sabadell Company Profile

Banco de Sabadell is a Spain-based banking group founded in 1881 and headquartered in Alicante. It ranks among the country’s largest banks by assets, serving a diverse client base that includes retail customers, small and medium‐sized enterprises (SMEs) and large corporate clients. Over its history, the group has expanded through organic growth and strategic acquisitions to build a comprehensive financial services platform.

The bank’s core business lines encompass retail banking, commercial and corporate banking, private banking, asset management and insurance.